College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider




Consolidation is Confusing; EdFed Makes It Simple



Between rising interest rates, terminated student loan programs, and a sticky piece of legislation called the single holder rule, many people have a tough time figuring out how to save money on their student loans.

EdFed has a pledge for these borrowers: We'll help you save money, even if we're not the company you choose to work with.

"Free, no-strings-attached financial advice from experienced professionals is rather hard to come by," said EdFed loan specialist Tom McWade.

"A high percentage of the people I speak to have some eligibility concerns, and they need a truly knowledgeable person to explain all the ins and outs of their individual situations."

For example, many borrowers do not know that if they have student loans from only one Federal Family Education Loan Program (FFELP) lender, they may not be able to consolidate their loans with another company. This is because of what is called the single holder rule, a rule that eliminates competition in the lending industry and money-saving opportunities for consumers.

However, even when borrowers are not eligible to consolidate their loans with EdFed, McWade said, "We will always take the time to explain what those people can do to save money."

Sometimes, he noted, this requires making a call to the Department of Education's Direct Loans program. Sometimes, a borrower will need to call the company that holds his or her loans and use very specific language to get the services to which he or she is legally entitled.

"The bottom line is this: If we can't help you consolidate, we'll still find a way for you to save money and get better customer service out of your current lender," said McWade.

EdFed's loan specialists can help borrowers determine their eligibility in about five minutes; and if a borrower is not eligible to consolidate with EdFed, the loan specialist will still show him or her how to save money in interest.



How EdFed Helped others!
The bottom line is EdFed saved me thousands of dollars on my federal student loans. I had already consolidated most of my federal loans through another company, and I thought I was done. I didn't realize I needed to do another consolidation until my Loan Specialist at EdFed explained my interest rates and their borrower benefits. I knew I couldn't go wrong by choosing EdFed. Their payment incentives will save me over $30,000 on my federal student loans. Thank you EdFed.
- Mark W.  San Antonio, TX
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy
call:
(800) 821-5659

Student Loan Consolidation Info - How to Choose the Right Loan Company

This column is sponsored by Granted, America's top job search engine. The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.

Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

read more
CONSOLIDATION NEWS
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
CALCULATORS
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Articles
Calculators
FAQs
Glossary of Terms
Loan Comparison Chart
Scholarship Search
You can complete your application for consolidation online or over the phone in minutes; our consolidation specialists will be able to answer any questions you may have about the consolidation process.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2018 EdFed. All Rights Reserved.

Home · About Us · Contact Us · NewsSitemap
Career Advice · Tell a Friend · Privacy Policy · Resume Service
Resume Distribution Service · Post Resume · Job Search Course
EDFED NEWSLETTERS
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives